Toople said at the initial close of its subscription and offer it had raised aggregate gross proceeds of £1.41m.
Net proceeds of £1.26m would be used for marketing and customer acquisition activities and general working capital.
CEO Andy Hollingworth commented:
"We are delighted with the level of support received from Turner Pope Investments and Novum Securities who acted joint placing agents in respect of the Initial Closing and investors who subscribed via PrimaryBid.
"The fundraising, from both new and existing investors, has exceeded the Minimum Net Proceeds sought and will enable us to target accelerated growth of Toople plc and build on the successful demand generation campaign which we ran earlier in the year."
At 9:46am: (LON:TOOP) Toople Plc share price was -1.13p at 2.13p